Brussels, 25 January 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Simulation Software Holding Company Pty Ltd, (‘Energy Exemplar’) of Australia, by Blackstone Inc. (‘Blackstone’) and Vista Equity Partners Management, LLC (‘Vista’), both of the US.
The transaction relates primarily to the provision of energy market modelling and analytics software for the electricity, water, gas and renewables sectors.
The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligible activities in the European Economic Area, and that the companies are not active in the same or vertically related markets. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11375.
Source – EU Commission